Advent Health recap

From today's "Inside Baseball" edition via email from Jarrard Phillips Cate & Hancock, the Nashville healthcare public communications firm (not yet posted here), in part, "A small circle of Nashville heavy hitters – Fred Goad (investor through Voyent Partners and founder of Envoy Corp.), Joel Gordon (local investor, former head of HealthSouth and co-founder of Surgical Care Affiliates), Jim Sohr (local investor and former head of AIM Healthcare) and Dave Swenson (investor through SSM Ventures and Coleman, Swenson & Booth ) just to name a few – have a big deal in the works [...] to recapitalize Chicago-based Advent Health Partners, a revenue cycle management company..."

Smoke clears with AIM Healthcare no longer independent

For months, it seemed the staff cuts and reorganization and rampant rumors of impending sale at Franklin-based AIM Healthcare Services Inc. had to be leading somewhere. Yesterday, we learned UnitedHealth Group (NYSE:UNH) subsidiary Ingenix, based in Eden Prairie, Minn., acquired AIM Healthcare Services Inc. Terms of the transaction were not disclosed. A recent Hoover's entry reportedly said only that AIM had revenue of more than $60 per year, but some local observers have recently pegged the figure at north of $200MM. The sale is likely to have been for at least twice that amount. Three years ago, NashvillePost.com reported fierce litigation between local rivals AIM and local rival Arbor Healthcare, involving petitions that, among other claims and counter-claims, described AIM management's allegedly rough and intimidating behavior toward those it suspected of wrongdoing. Jim Sohr (at left) has served as president of AIM HealthCare Services, Inc. since its founding in 1995. Prior to co-founding AIM with Williamson County entrepreneur Preston Ingram, Sohr was director of new business development at Hobart/Tafa Technologies, a coatings and robotics company; and, was assistant VP-Operations at Marine Midland Bank, New York. Sohr earned his bachelor's in EE at the Vanderbilt School of Engineering and his MBA at VU's Owen Graduate School of Management.